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pressed obama his response was, well, under bill clinton there was great economic prosperity. the whole answer of obama is about bill clinton and now nifty the economy was under him. i got to tell you i would have given a limb to see mitt romney turn to the president and say, mr. president, i knew bill clinton. [laughter] our ideas work, their ideas don't. the last four years our economy has grown 1.5% a year. that is less than half the historical average. for 70 years, we have averaged 3.3% growth a year. now, this president is fond of saying he inherited the worst economy in the history of the universe. [laughter] >> and everything by the way, is george w bush's fault. he doesn't have much historical memory when he makes that argument. any of all remember 1978, 1979, double-digit unemployment, 22% interest rates, gas lines, stagflation. in 1980, a very, very different president got elected. ronald reagan like barack obama inherited a struggling economy. and reagan implemented policies 180 degrees opposite those of obama. instead of jacking up taxes, he slashed taxes. instead of explod
of our collective deliberations. as bill clinton might say, it's just arithmetic. in fact, this situation of a divided government has only two possible outcomes. action based upon good-faith compromise, or no action resulting from political deadlock. in my opinion, this latter, no action based upon deadlock, is simply unacceptable to the people of maine and to the people of the united states. we must find a way to act, because many of the problems before us, the debt and deficit is probably the best example, have a time fuse. the longer we avoid acting, the worse they get. in this case no decision is itself a decision. and it is almost undoubtedly the wrong decision. the challenges before us are too great, and the stakes are too high to allow partisan differences to keep us from finding common ground, even on the most difficult issues. and i hope that in a small way -- in a small way i may be able to act as a bridge between the parties. an honest broker to help nudge us towards solutions. i've talked with more than a dozen senators of both parties in the past three days and have been impr
. it is import how we get into the deficit situation. many viewers will remember when bill clinton left office this country had a surplus. we went to war in iran and afghanistan. bush and others decided not to pay for the war. that adds to the deficit. if you give a huge tax breaks, that adds to the deficit. if there is a recession, less revenue is coming in to the government. revenue is the lowest in six years. that is how we are where we are. we have to do this in a way that is fair, not on the backs of people that are working 60 or 70 hours a week and not on the backs of children by cutting their health insurance program and not on the backs of senior citizens. the struggle is to understand how we got to where we are and how do we go forward in reducing the deficit and creating jobs in this country. host: it was announced that there will be a caucus with the democrats. we see this headline in "the boston globe." what advice did you have for this fellow independent? guest: we have spoken a couple of times recently. essentially what he asked me about it is what is a like to function within th
and tip o'neill reforming social security. ron reagan and tip o'neill during the current tax reform. bill clinton and the republican congress doing welfare reform and balancing the budget. we look forward to making this divided government productive for the american people, and we have, as everyone knows, a lot of challenges at the end of the year. i will be meeting with the president and the other leadership on friday to talk about the way forward. we look forward to being a part of the solution to the significant problems. it is my pleasure to turn to our newly elected whip, senator john corn andyn of texas. >> -- senator john cornyn of texas. >> is an honor to serve as the assistant leader on the republican side. we have a lot of very difficult work to do, but we are committed to working with our colleagues across the aisle to solve the nation's urgent problems. we know what those are in the lame duck and we know what those are going forward. there is no mystery about that, nor is there any mystery to some of the solutions based on the president's own bipartisan fiscal commission and o
on a bill the plan and the australian city today as part of the annual security meeting. attended by hillary clinton and leon panetta. they held as as a major leap forward in bilateral cooperation. and an import a new frontier in that state's rebounds to the asia-pacific area. and an update on the david petearus situation. leading investigators to a questionable relationship between the tampa florida socialite and the general commander of the war in afghanistan. their main question was a national security threatened? the extramarital affair was between the general petraus and paula broadwell. is a sense harassing e-mails to a woman -- who they say send harassing e-mails to a woman, jill kelley. jill kelley treated thousands of applications messages with the general john allen. possible evidence of another inappropriate relationship. defense secretary leon panetta speaking earlier today and australia says he has continued confidence in a general john allen to remain as commander of united states forces in afghanistan, despite his connection to the scandal. we will hear more on the scandal lat
Search Results 0 to 4 of about 5

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